Playa Hotels & Resorts NV (NASDAQ:PLYA) Shares Sold by Summit Global Investments

Summit Global Investments reduced its stake in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) by 4.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,300 shares of the company’s stock after selling 4,800 shares during the period. Summit Global Investments’ holdings in Playa Hotels & Resorts were worth $727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Marlowe Partners LP boosted its position in shares of Playa Hotels & Resorts by 4.7% during the 4th quarter. Marlowe Partners LP now owns 2,957,262 shares of the company’s stock worth $21,263,000 after purchasing an additional 133,695 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Playa Hotels & Resorts by 4.0% in the 4th quarter. Commonwealth Bank of Australia now owns 2,338,693 shares of the company’s stock worth $16,813,000 after buying an additional 89,018 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Playa Hotels & Resorts by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,744,033 shares of the company’s stock worth $13,307,000 after buying an additional 227,949 shares in the last quarter. Northwood Liquid Management LP purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth about $11,182,000. Finally, Elk Creek Partners LLC boosted its position in shares of Playa Hotels & Resorts by 4.4% in the 1st quarter. Elk Creek Partners LLC now owns 1,257,137 shares of the company’s stock worth $9,592,000 after buying an additional 52,692 shares in the last quarter. Institutional investors own 70.95% of the company’s stock.

In related news, insider Brandon B. Buhler sold 7,475 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandon B. Buhler sold 4,911 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $8.12, for a total transaction of $39,877.32. The disclosure for this sale can be found here. Insiders own 3.67% of the company’s stock.

Several equities research analysts recently commented on PLYA shares. Deutsche Bank reiterated a “buy” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Monday, March 4th. BidaskClub lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Playa Hotels & Resorts has a consensus rating of “Hold” and an average target price of $12.00.

Playa Hotels & Resorts stock opened at $8.13 on Friday. Playa Hotels & Resorts NV has a 52 week low of $5.98 and a 52 week high of $11.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52. The stock has a market capitalization of $1.06 billion, a P/E ratio of 25.41 and a beta of 0.50.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $182.60 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts forecast that Playa Hotels & Resorts NV will post 0.2 EPS for the current fiscal year.

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About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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